HomeMy WebLinkAboutItem #11 Fountains at Highland Park - Billbaord Agreement - Amendment to the Developer Agreement
Meeting Date: August 18, 2009
Item # II
Contact Name:
Contact Number:
Antonio Fabre, AICP
407 -905-3100/1019
Reviewed By:
Department Director:
City Manager:
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Subject: Amendment to Fountains at Highland Park (AKA: Fountains at Tivoli Place) Development Agreement
Commission District # 3 - Rusty Johnson
Backaround Summary:
On November 18, 2008, the City Commission approved a PUD/Rezoning and Preliminary Site Plan for the
Fountains at Highland Park project. To accommodate this project and reduce the number of billboards on
the Turnpike the Developer has agreed to replace two (2) existing billboards with one (1) LED billboard.
Accordingly, the Development Agreement addressed certain permitted uses, granted various waivers, set
conditions of approval and addressed the replacement of aforementioned billboards. This Agreement was
a coordinated effort between Clear Channel Communications, the Developer and the City.
During the approval of the existing agreement, the City Commission negotiated face time on the new LED
billboard with the agreement that the City would receive twenty-six, 2 week increments of regular face time,
but would be responsible for the cost of revising the copy. It is estimated from Clear Channel based on
comparables that this cost could be between $35,000 and $50,000 annually to the City for the graphic copy
revisions. The developer has proposed a revision at no cost to the City that would include five 2 week
increments and unlimited face time in the event of emergencies. The revised Development Agreement
executes these changes only.
Issue:
Should the City Commission approve the Amendment to the Development Agreement with Dempsey Boyd
(property owner) for the Fountains at Highland Park (AKA Fountains at Tivoli Place)?
Recommendations:
Staff recommends that the Mayor and City Commissioners approve the Amendment to the Development
Agreement with Dempsey Boyd.
Attachments:
Amendment to the Development Agreement with Dempsey Boyd
Financial Impact:
None.
Type of Item: (please mark with an "x'')
Public Hearing
Ordinance First Reading
Ordinance Second Reading
Resolution
X Commission Approval
Discussion & Direction
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney
Reviewed by Finance Dept.
Reviewed by ( )
O:\Staff Reports\2009\SR090055a_DRAFT JountainsAtHighlandPark_DA_Amend_ CC .doc
For Clerk's Deot Use:
Consent Agenda
Public Hearing
Regular Agenda
l
N/A
X N/A
N/A